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Here is why the CEO changed the business model.."In a potentially crushing blow to the burgeoning medical marijuana industry, the IRS has ruled that dispensaries cannot deduct standard business expenses such as payroll, security or rent." I call this guy pretty damn smart.......
Who cares? That CEO saw that MMJ was going nowhere and changed the business model....
MWIP JUST MADE THE BUZZ CLOUD. News GROWING...
NEGATIVITY WILL KILL A STOCK! A lot of investors read this board. If we want the stock to do well, POST POSITIVE messages!
This is exactly why people are NOT BUYING on this news:
"my patience has run out on this stock".....
IT DID NOT DELIVER ON THE LAST RUN-UP......
Someone talk to this idiot CEO and tell him how to manage his own company stock! HE HAS NO CLUE!
I cannot see those "stickies". Would someone post the words so the public can read them. Thanks.
Maybe a dumb question but what is a "top sticky"?
Anyone ever been involved when float is gone?
If this news depletes the float, then what price?
Ya got two of the BEST....Congrats!
Would'nt it be something if the PR stated that a divy would be payable to holders of MWIP stock as of 9/30, and not after. Especially if that divy was .02,.03, or .04, .05 cents per share.
Then all these sellers will really be crying in their beer!
NOT - NOT - NOT! This company is a major ripoff of investors.
I know, I was one!
You are TOTALLY CORRECT! The problem with most of these penny CEO's is that they DO NOT understand the mentality, or even try to understand, of investors......OR, maybe they just do not care!
Just GIVE ME your money!
Here's hoping YOU are correct with your assessment, and, I might add NOT wishful thinking.....as there is A TON OF THAT on all these boards....Good Luck to ALL...
I have checked, and nothing.....The last PR said they were going to file it by 9/30 which is why I as so down on this company now. Other posters might be right, Friedman could follow through at a later date.........
I have been checking SEC filings for this company ALL WEEK, and NOTHING!
You are totally CORRECT! I do not have much experience with THIS specific company, however, I base my experience's in general with ALL PENNY STOCKS.....Was there a PR this morning? Oh, maybe this afternoon....Be glad to eat my words if one happens!
How about NEVER? This whole thing was a ploy by the company to raise the PPS.....IT AIN'T HAPPEN'IN......
Toucan - I thought they were going to pop the buttons on this thing today during trading but there was not enough $$$ to push it over the edge, even though they came close. This stock is surely on the top of my list because I primarily pick low float's and run them up when the timing is right. I am sure that this stock price will be just over 1$ very soon.
Unflushable - Thanks much for the consideration of "you will be in before the herd". I will get in when I sell MWIP and hear your call. Sorry I cannot PM. Will down the road 'cause this is cumbersome.
CBGH - Are you kidding me....Float IS ONLY 913,771.
Unflushable - Thanks for the PM. I do not have PM capabilities but wanted to thank you for the low float suggestion. I have about 40 stocks with low floats that I am tracking. I am finding that the way to make real money in the "Penny World" is to find low floaters, drive the price as high as you want the profit to be, and sell. That way I control what I make, NOT the MM's................
BRGO - Too bad that this guy ONLY talks about Armenia..What a waste. "If I die I want to come back as an Armenian".. WTF!
This statement is TOTAL BS - "CEO is not interested in pumping the stock". Stock price is an image of the company and how well they are/ARE NOT doing, and, I might add, lack of knowledge BACKWARD THINKING!
You can ALERT all you want but you will NEVER hear anything from this POS company! The owner should stay in Armenia with ALL his backward thinking! He is USING you!
340,223,309 Share Float IS NOT a low float. 10M and under is considered low.
Liked your reply Unflushable. I try to play low floats myself. Just wanted to know how you find pinks with divys from other stocks? Thanks.
I TOTALLY agree with you Steven.....I was digging today to try and find out if "the CEO isn't pulling the wool over our eyes", which I do think is happening.......Sorry group, but based on my business experience I am like Steven, this just makes NO sense...
And, like Steven, I own a ton of shares and just hoping for the best.....
I was not trying to downplay the stock, and, thanks for understanding...I am a Technical Business Analyst of 15 years and have been trained to look for the DETAILS in a business operations. I was surprised that the paperwork has not been filed yet as it takes a couple of weeks to get it thru the SEC. Anyway, no harm....Will see what happens this week.
This is what I was searching for and HAVE NOT found it..."S-1 registration statement for the proposed spin-off of its subsidiary 800 Commerce by September 30, 2011".
Sorry, I should have provided more detail. I was referring to any filings re: 800 to see if MWIP followed up on what was quoted by Friedman re: the spinoff. I found no current filings which they should have to make, especially if they issue new stock as part/all of the divy.......
Isn't 800 suppose to be a new company? How do they get away with not filing if it's a new company?
MWIP SEC filings as of 9/24/2011: NONE!
Why Friedman is spinning off 800 Commerce:
USA TODAY
Sept. 24, 2011
Companies spent the last few years cutting costs. The next frontier appears to be finding ways to cut their businesses into pieces.
Netflix, Tyco and McGraw-Hill are recent examples of companies breaking themselves into pieces either as restructuring — as in the case of Netflix — or full spinoffs. Companies are betting investors will pay higher stock prices for more discrete businesses than they do for consolidated ones.
BRGO NEWS: BRGO participates in the Armenian Jewelers Association exhibition.
September 22, 2011 - 19:10 AMT
"PanARMENIAN.Net - The results of the first 6 months of 2011 compared to the same period of 2010 show 6,5% growth in the field of jewelry industry with total AMD 4,7 billion product realization."
"Famous Armenian Jewelers from USA, Canada, Switzerland, Russia, France, Italy, Thailand, Lebanon and other countries take part in the three-day exhibition. Well known jewelry brands, belonging to our Diaspora compatriots, such as Estate, Haytayan, Bergio, Tacori, Waskol, Yesayan Jewellery expressed willingness to participate in Yerevan Show."
Nothing wrong with the company PoemStone, it's just that people are giving up on it after TONS of HYPE with no words from the owners.
Don't feel alone in THAT BOAT! There are a ton of us with you.
Yep! Time to start averaging DOWN!
VERY, VERY true Stocktrader, a very GOOD company. However, it does get very difficult waiting and I do get tired of all the hype and negativity.......Guess it comes with the turf!